Hazoor Multi Projects has scheduled its 34th Annual General Meeting for September 28, 2026. The meeting will convene via video conferencing to address ordinary and special business items, including director re-appointments and a significant revision in top management remuneration.

The most notable special resolution involves increasing the annual remuneration of Chairman and Managing Director Radheshyam Laxmanrao Mopalwar from ₹3 crore to ₹5 crore. The Board justified the hike by citing increased operational complexity and strategic leadership contributions. This revision is effective from the date of the AGM.

Key Resolutions

Shareholders will vote on several critical governance matters:

• Re-appointment of Executive Director Tejas Kirtikumar Thakkar, who retires by rotation.
• Re-appointment of Independent Director Madhuri Purshottam Bohra for a second five-year term, extending her tenure until July 18, 2032.
• Re-appointment of Executive Director Pawankumar Nathmal Mallawat for five years, with remuneration set at 5% of net profit per annum.
• Ratification of cost auditor N. Ritesh & Associates' fees at ₹55,000 per annum for FY27.

Financial Performance Context

The AGM notice accompanies the FY26 annual report. The company reported standalone total income of ₹42,552.58 lakh and profit after tax (PAT) of ₹2,287.29 lakh. On a consolidated basis, total income stood at ₹59,585.15 lakh with PAT of ₹4,268.81 lakh.

What the Numbers Show

The consolidated financials reveal a significant divergence between standalone and group performance. While standalone PAT was ₹2,287.29 lakh, consolidated PAT nearly doubled to ₹4,268.81 lakh. This indicates that subsidiaries contributed approximately 47% of the total net profit, highlighting the importance of the group structure in driving overall profitability despite the parent entity's lower standalone margins.

Meeting Logistics

The meeting will be held via Video Conferencing or Other Audio Visual Means (VC/OAVM). Remote e-voting will be available from September 25, 2026, to September 27, 2026. The cut-off date for voting rights is September 21, 2026.

Hazoor Multi Projects board approved the re-appointment of two directors on August 31, 2026, subject to shareholder approval.

The company’s Board of Directors held its meeting on August 31, 2026, to approve the re-appointment of Ms. Madhuri Purshottam Bohra as an Independent Director and Mr. Pawankumar Nathmal Mallawat as an Executive Director. Both appointments require approval from members in the ensuing general meeting of the company.

Board Approvals

The re-appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the approved appointments are as follows:

Ms. Madhuri Purshottam Bohra is a qualified Company Secretary with nine years of experience in corporate and regulatory compliance for listed companies. Her re-appointment term runs from July 19, 2027, to July 18, 2032.

Mr. Pawankumar Nathmal Mallawat holds a commerce degree from MDS University, Rajasthan, and has over 24 years of experience in project finance, infrastructure, and capital markets. His re-appointment term begins on February 10, 2027, and concludes on February 9, 2032.

Both directors are not related to any other directors of the company and are not debarred from holding office by SEBI or any other authority.